School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Accounting I
  • Unit Code

    ACC1100
  • Year

    2017
  • Enrolment Period

    1
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Co-ordinator

    Ms Michele Ann SCHODER

Description

Accounting I is an introductory unit designed to help students understand, prepare and use financial statements, including statements of financial position, comprehensive income, changes in equity and cash flows. The unit covers a range of financial and managerial accounting concepts with an appropriate mix of theory and application. Completion of the unit will equip students with effective problem solving and critical thinking skills when relevant accounting concepts and knowledge are applied to interpret and analyse financial performances of an entity.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse, process, record, and present financial accounting information in a manual format.
  2. Apply cost behaviour analysis for managerial accounting applications.
  3. Prepare an analysis and interpretation of financial statements at an introductory level.
  4. State the basic differences between financial and managerial accounting.
  5. State the concepts, assumptions, principles, and characteristics of conventional financial reporting systems and the role they play in assisting in the preparation of financial reports.

Unit Content

  1. The underlying concepts, principles, and characteristics of financial reporting systems
  2. The full accounting cycle that includes recording of business transactions, preparing balance day adjustments and completing with closing entries
  3. The preparation of financial statements
  4. The analysis and interpretation of financial reports using ratio techniques
  5. Accounting for inventory
  6. Accounting for non-current assets including concept and calculation of depreciation
  7. Planning and control of costs and cost behavior by applying cost-volume-profit analysis

Teaching and Learning Processes

On-campus students are expected to participate actively in weekly lecture and tutorial sessions. Lectures are designed to provide an overview of accounting topics and highlight the application of key concepts. Tutorial sessions enhance students' understanding of accounting knowledge through in-class discussions on practical problems. These discussions engage students in team working, task collaboration and provide students with opportunities to work and communicate effectively with people from diverse cultures.

Students studying the unit on an online mode work through a study program with resources available via Blackboard. Regular online access is required. Students are expected to review the weekly unit materials and attempt assigned questions from each topic. Active participation through Blackboard discussions enhances collaborative learning among peers.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ParticipationParticipation15%
TestTest 115%
TestTest 210%
ExaminationExamination60%
ONLINE
TypeDescriptionValue
ParticipationParticipation15%
TestTest 115%
TestTest 210%
ExaminationExamination60%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Student Equity, Diversity and Disability Service website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students’ work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC1100|1|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Accounting I
  • Unit Code

    ACC1100
  • Year

    2017
  • Enrolment Period

    2
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Co-ordinator

    Ms Michele Ann SCHODER

Description

Accounting I is an introductory unit designed to help students understand, prepare and use financial statements, including statements of financial position, comprehensive income, changes in equity and cash flows. The unit covers a range of financial and managerial accounting concepts with an appropriate mix of theory and application. Completion of the unit will equip students with effective problem solving and critical thinking skills when relevant accounting concepts and knowledge are applied to interpret and analyse financial performances of an entity.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse, process, record, and present financial accounting information in a manual format.
  2. Apply cost behaviour analysis for managerial accounting applications.
  3. Prepare an analysis and interpretation of financial statements at an introductory level.
  4. State the basic differences between financial and managerial accounting.
  5. State the concepts, assumptions, principles, and characteristics of conventional financial reporting systems and the role they play in assisting in the preparation of financial reports.

Unit Content

  1. The underlying concepts, principles, and characteristics of financial reporting systems
  2. The full accounting cycle that includes recording of business transactions, preparing balance day adjustments and completing with closing entries
  3. The preparation of financial statements
  4. The analysis and interpretation of financial reports using ratio techniques
  5. Accounting for inventory
  6. Accounting for non-current assets including concept and calculation of depreciation
  7. Planning and control of costs and cost behavior by applying cost-volume-profit analysis

Teaching and Learning Processes

On-campus students are expected to participate actively in weekly lecture and tutorial sessions. Lectures are designed to provide an overview of accounting topics and highlight the application of key concepts. Tutorial sessions enhance students' understanding of accounting knowledge through in-class discussions on practical problems. These discussions engage students in team working, task collaboration and provide students with opportunities to work and communicate effectively with people from diverse cultures.

Students studying the unit on an online mode work through a study program with resources available via Blackboard. Regular online access is required. Students are expected to review the weekly unit materials and attempt assigned questions from each topic. Active participation through Blackboard discussions enhances collaborative learning among peers.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ParticipationParticipation15%
TestTest 115%
TestTest 210%
ExaminationExamination60%
ONLINE
TypeDescriptionValue
ParticipationParticipation15%
TestTest 115%
TestTest 210%
ExaminationExamination60%

Core Reading(s)

  • Carlon, S., McAlpine-Mladenovic, R., Palm, C., Mitrione, L., Kirk, N., & L., W. (2016). Financial accounting : reporting, analysis and decision making (5th ed.). Milton Qld: John Wiley & Sons.

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Student Equity, Diversity and Disability Service website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students’ work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC1100|1|2